The lack of employer-sponsored medical insurance generally is a severe concern for older folks

David Grande, director of coverage on the College of Pennsylvania’s Leonard Davis Institute of Well being Economics, agrees with Lengthy that COBRA may be the only option for some folks. For an individual to qualify for subsidies, he notes that an individual’s family earnings must be under 400% of the poverty degree, or $86,880 for a household of three. “If you have the financial resources for COBRA, that’s probably the best option.”